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BPCL Q4 net jumps 62-fold to Rs 3,628 cr
State-run Bharat Petroleum Corporation today reported a 62-fold growth in net profit at Rs 3,628.02 crore for the fourth quarter ended March 31, 2009. generic levitra

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V V: Keynes - The Master returns
Unlike the Chicago economists under Milton Friedman who argued that the unrestricted operation of private enterprise—seen as the most efficient form of economic organisation—was essential for economic development and that prices should be determined purely by market forces and inflation controlled by means of controlling money supply, Keynes, the most influential macroeconomist of the 20th century, had argued in his classic work, The General Theory of Employment, Interest and Money, that there is uncertainty in the world—uncertainty that cannot be reduced to statistical probabilities and has come to be described as “unknown unknowns.” This irreducible uncertainty, he said, lay behind panics and bouts and the instability of market economics that we see around us today. Robert Skidelsky, in his three-volume study of Keynes (1994), reminded us that the master had warned us against relying on econometric models of his own theories:

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Australia bags three new deals worth $70 bn to export gas to Asia
Australian Prime Minister Kevin Rudd has said that Canberra has bagged three new deals worth $70 billion to export gas to Asia.
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Industry wants ban on handsets with cloned IMEI number

Indian Cellular Association (ICA) has demanded counterfeit mobile handsets with cloned International Mobile Equipment Identity (IMEI) numbers of other genuine handsets be banned in the country. - Galla Foods eyes 10% pie of fruit drinks market - Cotton export may rebound to 1.4 MT in 2009-10 - Indian telecom space to witness consolidation: Macquarie - Bank of America narrows list for CEO post: Report - Bharti may bid for Millicom"s assets in Sri Lanka: Kohli - NDTV ties up with Tata Comm for technology On September 3, Department of Telecom (DoT) had directed that all handsets without IMEI numbers be banned with effect from December 1, 2009. “However, the order does not ban the handsets carrying cloned IMEI numbers, which pose as much potential threat to the nation’s security as those without these numbers,” ICA chairperson Pankaj Mohindroo told Business Standard. According to ICA, almost 25 million handsets are currently being used in the Indian market without legitimate IMEI numbers and the bulk of these mobile subscriptions would get disconnected on November 30, 2009.He informed it was a significant practice in the grey markets, where genuine IMEI numbers were copied on many illegal handsets. “Majority of these counterfeit units are sourced from China, since it has become the main supplier of unbranded mobile handsets after the de-licensing of the industry in that country,” he informed. India sells about 10 million handsets every month and there are around 430 million handsets in use. “While this growth is good for mobility and has enhanced the quality of communication, there are some serious concerns. Terrorists may have taken cover under illegal and fictitious IMEI mobile phones, which can be used to trigger a series of criminal activities,” he maintained.


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